Harvest Health & Recreation Preannounces Unaudited Q2 Revenue

August 01, 2019 – PHOENIX, Ariz. – Harvest Health & Recreation, Inc. (CSE: HARV, OTCQX: HRVSF) ("Harvest"), a vertically integrated cannabis company with one of the largest and deepest footprints in the U.S., today preannounced unaudited revenue for second quarter 2019. The company plans to release its full second quarter 2019 financial results on Thursday, August 15, 2019 at 8:00 AM Eastern Time.

The company expects to report stand-alone Harvest revenue of $26 – $27 million for the second quarter, representing a sequential increase of 37% – 42% from the first quarter 2019. On a pro forma basis, including the previously announced pending acquisitions of Falcon, Verano, CannaPharmacy and Devine Holdings and the closed acquisitions of Leaf Life and Urban Greenhouse, the company expects to report consolidated revenue of $75 – $77 million for the quarter, representing a 47% – 51% increase from the first quarter 2019.

Disclaimer: Past performance is not an indicator of future performance.

About Harvest Health & Recreation Inc.                                                                     

Headquartered in Tempe, Arizona, Harvest Health & Recreation, Inc. is a multi-state cannabis operator (MSO) and vertically-integrated cannabis company. Subject to completion of announced acquisitions, Harvest will have one of the largest footprints in the U.S., with rights to more than 210 facilities, of which approximately 135 are retail locations, and more than 1,695 employees across 18 states and territories. Since 2011, the company has been committed to expanding its Harvest House of Cannabis retail and wholesale presence throughout the U.S., acquiring, creating and growing leading brands for patients and consumers nationally and continuing on a path of profitable growth. Harvest's mission is to improve lives through the goodness of cannabis and is focused on its vision to become the most valuable cannabis company in the world.

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Louis O'Neill
Louis O'Neill

Louis is a writer based in Sydney with a focus on social and political issues. Having interviewed local politicians and entrepreneurs, Louis now focuses on cannabis culture, legislation & reform.

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